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As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU Tax Observatory, global billionaires benefit from very low effective tax rates, which range between 0% and 0.5% of their wealth. | Photo Credit: Getty Images/iStockphoto The story so far: French economist Gabriel Zucman has in a recent…
Read More “Can the uber-rich worldwide be taxed better? | Explained” »
Congress Rahul Gandhi shows a stock market movement chart during a press conference in New Delhi on June 6, 2024. | Photo Credit: AP The story so far: The Indian stock market witnessed extreme volatility right after the release of the exit poll results earlier this month and on June 4 when the results of…
Read More “Should the recent stock market volatility be probed? | Explained” »
PLO chairman Yasser Arafat shakes hands with Israeli Prime Minister Yitzhak Rabin as U.S. President Bill Clinton stands between them after the signing of the Israel-PLO peace accord at the White House in Washington on September 13, 1993. | Photo Credit: Reuters The story so far: Hamas’s October 7, 2023 attack in Israel and the…
Read More “Is a future Palestine state possible? | Explained” »
The story so far: The International Monetary Fund (IMF) released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. What is the IMF’s worry about inflation? The IMF has flagged…
Read More “What is the outlook on the global economy? | Explained” »
Solar panels and solar fans are displayed among other electronics for sale at a shop inside a wholesale electronics market in Kolkata on March 19, 2024. | Photo Credit: Reuters The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy (MNRE) has brought into effect from April…
Read More “Will new solar power rules boost production? | Explained” »
Indian and Sri Lankan pilgrims leave Katchatheevu in March 2023 after attending the St. Anthony’s Church festival. | Photo Credit: The Hindu The story so far: On March 31, Prime Minister Narendra Modi posted on social media platform ‘X’ that he blamed the Congress for “callously” giving away Katchatheevu island to Sri Lanka. He cited…
Read More “Why are Katchatheevu pacts being questioned? | Explained” »
Job seekers at a job fair in Bengaluru. The trend of contractual appointments and clamour for consultancies are also blamed for the dip in formal jobs. | Photo Credit: AFP The story so far: The India Employment Report 2024, prepared jointly by the Human Development and the International Labour Organization, and released on March 26, revolves…
Read More “Why is unemployment high among the youth? | Explained” »
Humanitarian aid parcels attached to parachutes are airdropped from a military aircraft over the Gaza Strip on March 21, 2024. | Photo Credit: AFP The story so far: As Israel’s war on Gaza is reaching its sixth month, the Palestinian enclave has become the world’s “largest open-air graveyard”, as the EU’s foreign policy chief Josep…
Read More “How bad is the humanitarian crisis in Gaza? | Explained” »
The story so far: On February 14, the chairman of the Intelligence Committee of the U.S. House of Representatives, Mike Turner, called the media’s attention to “information concerning a serious national security threat” and urged President Joe Biden to declassify it so more experts could be recruited to mitigate the danger it allegedly posed. A…
Read More “Is Russia testing a new anti-satellite weapon? | Explained” »
Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on February 2, 2024. Photo: Sansad TV via ANI The story so far: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 5.1% of gross domestic product (GDP) in 2024-25. She further added that the fiscal…
Read More “Why is fiscal consolidation so important? | Explained” »
